AMC Networks (NASDAQ:AMCX) PT Cut To $30.00 At Moffett Nathanson – MarketBeat | Region & Cash

AMC Networks (NASDAQ:AMCX – Rating Received) Its target price was cut to $30.00 by analysts at Moffett Nathanson in a research note published on Friday, Stock Target Advisor reports. Moffett Nathanson’s price target would indicate a potential downside of 7.15% from the company’s current price.

Several other analysts also recently commented on AMCX. Guggenheim lowered its price target for AMC Networks from $44.00 to $35.00 in a research note on Friday, May 6. Morgan Stanley cut its price target on AMC Networks to $35.00 from $40.00 in a research report on Monday. Finally, downgraded AMC Networks from a “buy” rating to a “hold” rating in a report on Friday, July 1st. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, AMC Networks currently has an average rating of Hold and an average price target of $35.43.

AMC Networks shares down 1.0%

Shares of AMC Networks fell $0.34 midday Friday to hit $32.31. The stock had a trading volume of 184,412 shares compared to an average volume of 438,377. The company has a market cap of $1.37 billion, a P/E of 5.25 and a beta of 1.07. The company has a debt to equity ratio of 2.86, a quick ratio of 1.89 and a current ratio of 1.89. AMC Networks has a 52-week low of $27.36 and a 52-week high of $56.04. The stock’s 50-day simple moving average is $33.19 and its 200-day simple moving average is $37.02.

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AMC Networks (NASDAQ:AMCX – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported earnings per share (EPS) of $2.54 for the quarter, beating analyst consensus estimates of $2.15 by $0.39. AMC Networks had a return on equity of 45.15% and a net margin of 8.64%. The company had revenue of $712.16 million for the quarter, compared to analyst estimates of $760.80 million. In the same period last year, the company posted $2.98 per share. The company’s revenue for the quarter increased 3.0% compared to the same quarter last year. On average, sell-side analysts are forecasting that AMC Networks will post 8.23 ​​EPS for the current fiscal year.

Institutional investors choose AMC Networks

Several institutional investors have recently bought and sold shares in the company. invesco ltd increased its stake in AMC Networks by 280.9% in the first quarter. invesco ltd now owns 1,377,018 shares of the Company’s shares valued at $55,948,000 after purchasing an additional 1,015,493 shares during the period. Dimensional Fund Advisors LP increased its stake in AMC Networks by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,256,449 shares of the company’s stock valued at $51,055,000 after purchasing an additional 56,282 shares last quarter. State Street Corp increased its stake in AMC Networks by 2.8% in the first quarter. State Street Corp now owns 1,085,184 shares of the company’s stock valued at $44,091,000 after purchasing an additional 29,182 shares last quarter. Charles Schwab Investment Management Inc. increased its stake in AMC Networks by 12.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 534,854 shares of the company’s stock valued at $21,732,000 after purchasing an additional 58,610 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in AMC Networks shares by 5.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 457,151 shares of the company’s stock valued at $15,744,000 after purchasing an additional 22,367 shares last quarter. 78.02% of the shares are currently owned by hedge funds and other institutional investors.

Company Profile of AMC Networks

(get rating)

AMC Networks Inc, an entertainment company, owns and operates a range of video entertainment products that are delivered to viewers and a platform for distributors and advertisers in the United States and internationally. The Company operates through two segments, Domestic Businesses and International and Other.

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Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

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